Miranda Minerals Holdings Limited
   
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12 January 2012
Miranda requests suspension of its securities

MMH – Miranda Mineral Holdings Limited –
Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: MMH      ISIN: ZAE000074019
(“Miranda” or “the Company”)

Further to the announcement by the Company on 10 January 2012, advising shareholders that the High Court (North Gauteng) has interdicted and restrained Miranda from proceeding with a proposed increase of its authorised share capital and a proposed rights issue, the Company’s material shareholders namely, Global PS  Mining Investments Company Limited and Yakani Resources (Proprietary) Limited, have demanded the repayment of loans made by them to Miranda. This event has further resulted in the jeopardizing of the financing prospects of the Company.

In light of these events, the Board of directors deems it prudent and has accordingly requested that the Company’s securities be suspended on the JSE Limited with immediate effect, whilst the board considers the options available to the Company.

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

 
 
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